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Crypto & Bitcoin

Cardano (ADA) Craves For $0.32 To Flip The Trend Bullish

Reported by Samantha Diamo, DailyCoin

Image: DailyCoin

Cardano is drawing two very different technical reads right now — one focused on a weekly bearish band that previously preceded major moves, and another highlighting a fresh structural breakout above descending resistance. The cautious weekly view: entering the bearish trend band Trend Rider’s weekly chart frames ADA as moving back into a blue bearish trend band, the same zone price occupied before the November 2024 breakout. https://twitter.com/TrendRidersTR/status/2108797111785447559 The scenarios are laid out cleanly: A weekly close above $0.323 for Cardano would flip the trend bullish Rejection inside the band keeps the market in a range with no clear edge…

This is an excerpt. The reporting belongs to DailyCoin.

Read the full report on dailycoin.com
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